Sequoia Financial Advisors LLC Sells 569 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Sequoia Financial Advisors LLC reduced its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTRFree Report) by 24.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,739 shares of the company’s stock after selling 569 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Charter Communications were worth $505,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC boosted its stake in shares of Charter Communications by 9.7% during the 3rd quarter. AQR Capital Management LLC now owns 14,782 shares of the company’s stock worth $6,501,000 after acquiring an additional 1,311 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Charter Communications by 2.9% during the 4th quarter. Victory Capital Management Inc. now owns 102,802 shares of the company’s stock worth $39,957,000 after acquiring an additional 2,940 shares during the period. Graham Capital Management L.P. boosted its stake in shares of Charter Communications by 354.7% during the 3rd quarter. Graham Capital Management L.P. now owns 15,133 shares of the company’s stock worth $6,656,000 after acquiring an additional 11,805 shares during the period. Mackenzie Financial Corp boosted its stake in shares of Charter Communications by 14.3% during the 4th quarter. Mackenzie Financial Corp now owns 47,854 shares of the company’s stock worth $18,600,000 after acquiring an additional 5,979 shares during the period. Finally, Sands Capital Management LLC boosted its stake in shares of Charter Communications by 5.7% during the 4th quarter. Sands Capital Management LLC now owns 319,860 shares of the company’s stock worth $124,323,000 after acquiring an additional 17,112 shares during the period. 81.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on CHTR. Barclays reduced their price target on Charter Communications from $280.00 to $250.00 and set an “underweight” rating for the company in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. reduced their price target on Charter Communications from $370.00 to $335.00 and set a “neutral” rating for the company in a research note on Monday, April 1st. Deutsche Bank Aktiengesellschaft cut their target price on Charter Communications from $375.00 to $320.00 and set a “hold” rating for the company in a research report on Tuesday, April 16th. Loop Capital decreased their price target on Charter Communications from $335.00 to $285.00 and set a “hold” rating on the stock in a research report on Monday, April 29th. Finally, Pivotal Research cut their price objective on shares of Charter Communications from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Charter Communications presently has an average rating of “Hold” and an average price target of $341.47.

View Our Latest Stock Analysis on Charter Communications

Charter Communications Stock Up 0.2 %

NASDAQ:CHTR opened at $301.79 on Monday. The firm’s 50 day simple moving average is $278.57 and its 200 day simple moving average is $302.13. The company has a debt-to-equity ratio of 6.28, a current ratio of 0.40 and a quick ratio of 0.40. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $458.30. The company has a market cap of $43.47 billion, a PE ratio of 9.76, a P/E/G ratio of 1.30 and a beta of 1.04.

Charter Communications (NASDAQ:CHTRGet Free Report) last posted its earnings results on Friday, April 26th. The company reported $7.55 EPS for the quarter, missing the consensus estimate of $7.78 by ($0.23). Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. The business had revenue of $13.68 billion for the quarter, compared to analyst estimates of $13.75 billion. During the same quarter in the prior year, the business earned $6.65 earnings per share. The firm’s quarterly revenue was up .2% on a year-over-year basis. On average, research analysts anticipate that Charter Communications, Inc. will post 32.15 earnings per share for the current year.

Charter Communications Profile

(Free Report)

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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